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• European nations to guarantee bank debt
... appropriate means.” Any bank saved in this way will be subject to “an appropriate restructuring plan,” the governments said — a clear hint of more management shake-ups like the one that saw the ouster of top executives of French-Belgian ...
• Europeans scramble to save failing banks
At the same time, Belgian Prime Minister Yves Leterme said that France's BNP Paribas SA had committed to taking a 75-percent stake in Fortis NV. Leterme said the Belgian and Luxembourg governments would, in turn, take a blocking minority share in BNP ...
• Oil hovers around $90 as financial woes spread
In other signs the meltdown is spreading, Belgian Prime Minister Yves Leterme said Sunday that France's BNP Paribas SA had committed to taking a 75 percent stake in Fortis NV. British treasury chief Alistair Darling said he was ready to take "pretty ...
• World markets plunge on fears of growing crisis
Belgian Prime Minister Yves Leterme said Sunday that France's BNP Paribas SA had committed to taking a 75-percent stake in troubled European bank Fortis NV. British treasury chief Alistair Darling also said he was ready to take "pretty big steps that ...
• French bank to take majority stake in Fortis
BRUSSELS, Belgium - French banking giant BNP Paribas will take a 75 percent stake in the remaining operations of troubled bank Fortis NV, the Belgian government announced Sunday. Prime Minister Yves Leterme said the deal gives the Paris-based bank ...